All existing Home Loan customers who have repaid a minimum of 36 EMI’s regularly. NRIs
and Staff Members of our Bank including retired staff members may also be considered by
the sanctioning authority.

Who is eligible?

40% Take Home Pay on gross income after the proposed EMI.

Amount of Loan

Minimum amount – Rs. 1.00 lakh.
Maximum amount – Rs. 10.00 lakhs

Margin

LTV Ratio of 90% or 80% as the case may be to be maintained for home loan outstanding
and 30% margin on the residual value of the House Property to be maintained for the top up
loan

Processing fee

1.173% on loan amount*

Interest Rates

Please refer the Lending Rates link on home page in our Bank`s Website

1. Request letter
2. Up to date EC and tax paid receipt from the competent authority
3. Valuation Report from Panel Engineer
4. Letter of authorization for recovery of EMI.

Other Requirements/Details

The House property should be revalued before considering the proposal. The House
Property can be either self occupied or let out.
The residual life of the building / flat should be minimum of 10 years more than the
repayment period of the loan.